Re: getting a home ready for sale, how much repair
dpb wrote:
Bill wrote:
Listen to the advice of the real estate agent. They know what will
sell and what will not and why.
...
That's good up to a point--remember the agent doesn't really care that
much about your bottom line; all they're _really_ after is a quicker
sale. Consequently, they're more than willing for you to spend money
that won't actually get returned to you simply to make the property
more attractive. So, it's a tradeoff between what is cost effective
versus time to judge what is best overall.
The agent wants a higher selling price - could care less what the return
for the seller is.
The most cost-effective are the cosmetics that aren't particularly
expensive and certainly anything that is actually a real eyesore such
as the wet/damaged ceiling tile.
Major remodeling efforts otoh, are quite unlikely to actually bring in
more than their investment cost unless truly extensive to bring the
house fully into a modern style and then it may require more return
than what other houses in the neighborhood are bringing.
--
.
Relevant Pages
- Re: getting a home ready for sale, how much repair
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(rec.travel.europe) |
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